Brief: Sun Hung Kai & Co Says Everbright Securities Financial to buy remaining Stake in Sun Hung Kai Financial

Allied

17/11/2020 09:45

Nov 17 (Reuters) - Sun Hung Kai & Co Ltd  0086.HK :
    * CO, EVERBRIGHT SECURITIES FINANCIAL HOLDINGS & SUN HUNG
KAI
FINANCIAL GROUP ENTERED REPURCHASE & SUBSCRIPTION AGREEMENT
    * AGREEMENT TO EXERCISE PUT RIGHT TO REQUIRE ESFH TO BUY
REMAINING
30% SHAREHOLDING IN SUN HUNG KAI FINANCIAL GROUP
    * CONSIDERATION TO BUY 30% SHAREHOLDING IN SUN HUNG KAI
FINANCIAL
GROUP FOR HK$1.26 BILLION IN CASH
    * ESFH TO BUY REMAINING 30% SHAREHOLDING IN SHKFGL FOR
CONSIDERATION OF HK$1.16 BILLION IN SHKFGL PREFERENCE SHARES
    * APPLICATIONS MADE FOR RESUMPTION OF TRADING IN SHARES OF
AGL,
SHARES AND DEBT SECURITIES OF SHK FROM 9 AM, NOV 18

Source text for Eikon:  ID:nHKS1NgJXp 
Further company coverage:  0056.HK 

 ((Reuters.Briefs@thomsonreuters.com;))